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The state Commissioner for Economic Planning and Budget, Mr Sam Egube, made this known at a press briefing on Thursday in Lagos.

Lagos slashes 2020 budget by 21%

The state Commissioner for Economic Planning and Budget, Mr Sam Egube, made this known at a press briefing on Thursday in Lagos.
European Union (EU) leaders will hold a video summit on Thursday in a bid to agree on a shared fiscal response to a recession looming as a result of the coronavirus pandemic, though there is little hope of a breakthrough.

EU leaders to hold summit on recovery plan

European Union (EU) leaders will hold a video summit on Thursday in a bid to agree on a shared fiscal response to a recession looming as a result of the coronavirus pandemic, though there is little hope of a breakthrough.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Experts: How Nigeria’s stock market will survive coronavirus pandemic

Some experts are optimistic that the capital market would recover from the devastating effect of the COVID-19 pandemic and rebound in 2021.
FILE PHOTO- The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 9, 2020. REUTERS-Staff-File Photo

Stocks rise on China trade data, easing pandemic fears

World stocks gained on Tuesday after Chinese trade data came in better than expected and some countries tried to restart their economy by partly lifting restrictions aimed at containing the coronavirus outbreak.

Coronavirus: IMF approves $1 billion credit for Ghana

The International Monetary Fund, IMF, on Monday approved the disbursement of US$1 billion to be drawn under the Rapid Credit Facility (RCF).
Former Nigerian President Olusegun Obasanjo has criticised former Lagos State governor Akinwunmi Ambode for abandoning the Lagos light rail project while he was the governor of the state between 2015 and 2019.

Ex-President Obasanjo, Gordon Brown, others demand action against pandemic

About 165 global leaders, including a former UK Prime Minister, Gordon Brown, and former Nigerian president, Olusegun Obasanjo, have called for a concerted global response to the coronavirus pandemic led by the G-20 countries.
The Nigeria Governors’ Forum (NGF) and MTN Nigeria have agreed to use the vulnerability model to drive a data-driven approach to stopping the spread of the coronavirus (COVID-19) in the country.

Governors, MTN partner to use data to halt spread of coronavirus

The Nigeria Governors’ Forum (NGF) and MTN Nigeria have agreed to use the vulnerability model to drive a data-driven approach to stopping the spread of the coronavirus (COVID-19) in the country.
Rio Tinto said on Tuesday operations at its mineral sands mine in South Africa will be halted and activity in Quebec, Canada will slow down due to government directives in both countries to stem the spread of the coronavirus.

Virus-control measures to hit Rio Tinto operations in South Africa, Canada

Rio Tinto said on Tuesday operations at its mineral sands mine in South Africa will be halted and activity in Quebec, Canada, will slow down due to government directives in both countries to stem the spread of the coronavirus.
The Chairman of RMAFC, Mr Elias Mbam, said this on Thursday in Abuja when he led a team of RMAFC commissioners and other anagement members to the FIRS on a familiarisation visit.

RMAFC: Politicians’ pay may go up or down following our review

The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) says it has started preliminary work on the review of the remuneration of political office holders.
Gov. Babajide Sanwo-Olu of Lagos State has tasked the Chartered Institute of Taxation of Nigeria (CITN) to be proactive on deepening taxation practice in Nigeria.

Lagos governor presents N1.168 trillion budget for 2020

Lagos State Governor Babajide Sanwo-Olu on Friday presented a budget of N1.168 trillion to the Lagos State House of Assembly for approval for the 2020 fiscal year.

SERAP gives Abuja council chair 14 days to withdraw life pensions for ex-officials

Socio-Economic Rights and Accountability Project, (SERAP) has sent an open letter to Mr Abdullahi Adamu Candido, chairman of the Abuja Municipal Area Council (AMAC), urging him to use his good offices and leadership position to “urgently withdraw and revoke the bill/edict for the unconstitutional and illegal payment of life pensions to former chairmen, vice-chairmen, speakers and other officials of AMAC.”
President Muhammadu Buhari has felicitated with all the 2019 Nigerian pilgrims over the successful completion of their Hajj rites and the Eid-el-Kabeer celebration.

[email protected]: President Buhari’s independence day speech — full text

Remember the sacrifices made by our Founders and great leaders past; by soldiers, by distinguished public servants; by traditional leaders, by our workers —- sacrifices on which Nigeria has been built over the 59 years since Independence in 1960; and
Nigeria is set to establish a government-driven national donor coordination mechanism to ensure that external financing is maximised for the good of the country, Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said on Wednesday. 2

Minister: World Bank to manage donor funds

Nigeria is set to establish a government-driven national donor coordination mechanism to ensure that external financing is maximised for the good of the country, Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said on Wednesday.

Insecurity, fraud clog financial inclusion stride

As fiscal and monetary authorities collaborate to ensure that Nigerians keep up the 63.6 per cent financial inclusion stride with the aim of attaining the set target of 20 per cent exclusion rate by 2020, the frightening series of bank robberies and frauds in the system may have put a lid on the agenda.

Africa’s development lies on good policies

Africa’s quest for sustainable development and aspirations of Agenda 2063, can be realized only with policies that can help build resilience, raise growth and enhance inclusiveness.

Central bank, bankers’ committee to disburse N26 billion to agribusiness

The president of National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Iyalode Alaba Lawson, has disclosed that the Central Bank of Nigeria is in the process of disbursing N26 billion to support agribusiness entrepreneurs.The president of National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) Iyalode Alaba Lawson has disclosed that the Central Bank of Nigeria is in the process of disbursing N26 billion to support agribusiness entrepreneurs.
Luis Caputo

Argentina’s Luis Caputo quits as central bank chief amid IMF bailout talks

The president of Argentina's central bank has resigned amid negotiations with the International Monetary Fund (IMF) to bail the South American country out of its volatile economic crisis.
Central Bank of Liberia - CBL

Liberia hunts for $100m in missing bank notes

An inquiry is underway into the disappearance of newly printed bills worth nearly $100 million destined for Liberia's central bank, the government of the impoverished west African country said Tuesday.

Recent Stories

Medical council validates four coronavirus test kits – registrar

The Medical Laboratory Science Council of Nigeria (MLSCN) says it has validated four Rapid Test Kits to determine their suitability for testing SAR-COV-2 infection popularly known as COVID-19 in the country.
Legendary reggae artiste, Majekodunmi Fasheke, aka Majek Fashek is dead. The artiste died in a New York hospital after a protracted illness on Monday about 5-45pm. He was aged 71.

Nigerian celebrities mourn deceased Majek Fashek

Nigerian celebrities have taken to their social media platforms to mourn the death of Music Legend, Majekodunmi Fasheke, a.k.a Majek Fashek.
Rwanda says it will announce new restrictions on containing the coronavirus Tuesday, a stark reversal of the country's plan days ago to ease restrictions, including motor vehicle travel throughout the country.

Rwanda set to announce new coronavirus restrictions

Rwanda says it will announce new restrictions on containing the coronavirus Tuesday, a stark reversal of the country's plan days ago to ease restrictions, including motor vehicle travel throughout the country.
Nigerian President Muhammadu Buhari3

Nigeria declares telecoms facilities critical national Infrastructure

In response to the yearnings of industry stakeholders to declare telecom facilities Critical National Infrastructure, President Muhammadu Buhari, has finally approved and also directed that necessary physical protective measures be put in place to safeguard telecommunications infrastructure deployed across the country.
President Muhammadu Buhari has again, addressed Nigerians on the efforts of its government to contain the coronavirus pandemic (covid-19) that is ravaging the country 4

ASCAB: President Buhari’s speech underestimate Sani Abacha’s $5 billion loot

Alliance for Surviv­ing COVID-19 and Beyond, (ASCAB), a group led by prominent Nigerian human rights lawyer, Femi Falana has said that President Mu­hammadu Buhari’s claim that late dictator, Sani Abacha, stole $1 billion con­tradicts the figures earlier released by his own officials.